Since opening to foreign trade, and investment, and implementing free-market reforms in 1979, China has become one of the world’s fastest-growing economies. The World Bank describes China’s economic growth, averaging 9.5 percent annually through 2018, as “the fastest sustained expansion by a major economy in history.” In just two decades, China’s economic revolution has lifted 800 million citizens out of poverty, doubling its GDP every eight years through robust global trade and exports.
Today, China stands as a formidable superpower, rivalling other global giants. Its dominance lies not just in defence technology but in its unparalleled economic prowess. China’s journey from an economic power to a technological and manufacturing genius offers a blueprint for the Muslim world. The global Muslim population, 1.9 billion strong and growing, can learn from China’s model to elevate its economic and geopolitical standing through the Halal industry.
Muslims make up 24.1 per cent of the world’s population, numbering 1.9 billion, with a majority in 57 countries. Seventy-three per cent of the world’s Muslim population lives in countries where Muslims are the majority, while 27 per cent live in countries where Muslims are the minority.
The world’s Muslim population is growing twice as fast as the non-Muslim population.
The world’s Muslim population is growing twice as fast as the non-Muslim population. In the next ten years, the annual growth rate of Muslims is expected to increase from 0.7 per cent to 1.5 per cent. According to a PEW research study, if this trend continues, Muslims will make up around 27 per cent of the world’s total projected population of 8.3 billion by 2030.
More than 20 per cent of the world’s Muslim population lives in non-Muslim countries, particularly in the West. Muslims are the fastest-growing community in many Western countries, have a higher fertility rate, and migrate from their homelands due to the political turbulence and ethnic clashes in their homelands.
The population of Muslims in the United States is expected to double in the next twenty years, rising from 2.6 million to 6.2 million by 2030. In Europe, the Muslim population is expected to grow by 33 per cent over the next hundred years, rising from 44 million to 58 million by........